Phillips Editions & Works on Paper: Modernism Auction Totals $624,100

A work by Salvador Dali was the headline sale at Phillips 'Editions & Works on Paper: Modernism' auction on October 22 in New York.

• The sale totaled $624,100, meeting the pre-sale estimate.

Snapshot of the sale

• 52 works sold totaling $624,100.
• Estimates totaled: $539,900 (low) and $803,100 (high), excluding premiums.
• The sell-through rate was 83% of the original 63 lots announced.

The star lot was: Salvador Dali, Échecs: Hommage à Marcel Duchamp (Chess: Homage to Marcel Duchamp) (1971), which sold for $109,600, 265% above its $30,000 low estimate. It has been traded once in the past.

The outperformer sold for 330% above its low estimate. Gerald Kenneth Geerlings, Jewelled City (Chicago) (1931), sold for $25,800 ($6,000 low estimate).

• 23 works, or 44%, sold above their high estimate.
• 24 works, or 46%, sold within their low and high estimate.
• 5 works, or 10%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

11 works were bought-in, including: Pablo Picasso, Portrait de jeune fille, d'après Cranach le Jeune II (Portrait of a Young Girl, after Cranach the Younger II) (1958), estimated at $50,000 (low) to $70,000 (high). It has been traded once in the past.

Withdrawn before the sale

0 works were withdrawn

Terms and definitions

All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.

Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.

Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.